Relevant:
- U.S. consumer credit surges on increased credit card use
- Credit card debt hits new record in November, raising concerns.
- Consumer Credit Soars As US Government Encourages Student, Car Loan Bubbles
- Banks pitch program to forgive credit card debt
- Consumer Optimism Rises; Don’t Expect Same from Spending
2016-05-06 — zerohedge.com
``... this was driven by a record $11 billion surge in revolving (aka credit card) debt, as it appears in March US consumers unleashed a historic debt-fuelled spending spree, one which as the chart below demonstrates is either a misprint, a huge outlier, or something has dramatically changed in US consumer psychology.'' -- Or maybe the US consumer is just broke...
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